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Joint venture
In a joint venture, two or more persons enter into a verbal or written agreement for the purpose of collaborating on an undertaking. As a rule, each person invests a sum of money.
| Example |
| Two persons purchase an office building that they intend to rent out. |
A joint venture is not required to register under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons. It has no head office and no corporate name, and cannot be a party to judicial proceedings.
